BBVA Compass, the Sun Belt-based financial services firm, has promoted Cedric Buchanon to the role of president of the Denver City branch.

Buchanon, who assumes this new post after serving for five years as senior vice president for commercial banking, will be responsible for all corporate banking and specialty group activities, while expanding the company's corporate relationships in the Denver metropolitan market. In addition, he will also be coordinating closely with BBVA Compass' retail and wealth management units in both the Denver and Boulder markets.

BBVA Compass is a part of BBVA, the international financial services firm with around $740 billion in total assets. In the US, Compass operates some 716 branches.